What Is Phoenix Global (PHB)? Is PHB a Good Investment?

Table of Contents

What is Phoenix Global (PHB)?

Phoenix Global is a blockchain project that aims to build infrastructure to scale applications on blockchain. The project’s goal is to drive users and businesses towards decentralized applications (dApps) to enhance customer experience, as blockchain is developing rapidly.

The project introduced Phoenix Oracle – a data processing engine that enhances the ability to connect and integrate applications with the real world. This is a middleware that supports users in accessing dApps, expanding external data sources and helping the system operate smoothly.

Special features of the Phoenix project

Phoenix Oracle

Phoenix Oracle

Phoenix Oracle is a tool that connects data from the real world into decentralized applications (dApps) on the blockchain. With Phoenix Oracle, dApps can:

Access systems and data sources outside the blockchain easily and efficiently.
Integrate with enterprise, financial, and information systems.
Use real data to operate on blockchain.
Expand operational capabilities and apply them in practice.

Phoenix Oracle model

Phoenix Oracle has evolved to feature EVM (Ethereum Virtual Machine) compatibility. Makes it easy to integrate with other Layer 1 platforms. And further expand the Computational Layer 2 platform of the Phoenix project.

Enterprise Sidechains

Phoenix optimizes scalability by decoupling business workflows from the main network. This means the scale of your ecosystem can scale through multiple side chains.

Two-fold Consensus

The two-layer consensus model is designed to combine performance. And flexibility in deploying various decentralized applications. With this mechanism, asset data can move easily between the main network (DPOS) and the secondary network (POS).

Multi-layered smart contract

The multi-layer smart contract model will increase the scalability, flexibility, and ease of deployment of smart contracts. Decentralized applications through a multi-layer smart contract system allow some components to be stored off-chain.

Data transaction engine

The integrated data transaction engine for Phoenix Global Virtual Machine is designed to increase trust in the B2C model, while increasing user data ownership and security, as well as encrypted data storage. decentralization.

Federated Learning

Federated Learning is a special feature of Phoenix Global. Combination of Apex Network and Red Pulse Phoenix. The project decided to develop Federated Learning (FL) as a prominent feature and apply it equally throughout the entire Phoenix Global ecosystem. With the FL feature, Phoenix Global can develop the following areas:

PHB applications

Decentralized AI: Learning and integration with mainstream AI frameworks.
Multi-Party Computation: Analyze, calculate, and share value without compromising data privacy.
Smart IoT: Facilitates decentralized edge computing on IoT and smart devices
On-chain data analysis: Supports Web 3 blockchain applications with the ability to analyze and calculate on-chain data.

Basic information about PHB tokens

Token Name: Phoenix Global
Token: PHB
Blockchain: BNB Chain
Contract: 0x0409633a72d846fc5bbe2f98d88564d35987904d
Circulating Supply: 45,910,068
Max Supply: 64,000,000

PHB’s supply will increase by 10% each year. The amount of inflation will be used as a reward for those participating in operating the network through the staking process.

Going forward, the plan is to introduce more disinflation mechanisms to stabilize PHB supply. The idea works like this: once the PHB integration with Phoenix Oracle is complete. Phoenix Staker will operate in offline mode. The 10% inflation bonus will then be reallocated. With 5% going to users supporting Phoenix Global through operating nodes or participating in staking, and the remaining 5% will be burned.

Where to store PHB tokens?

PHB is a BEP-20 standard token. Therefore, you can store this token on wallets that support connection to the BNB network such as: Metamask, Trust Wallet, Coinbase Wallet, …

In addition, you can also store and trade PHB on exchanges such as Binance, OKX, …

Development team

Information about the development team is not made public

Investors and partners

PHB’s investors and development partners

Overall, Phoenix Global has famous investors such as Binance and Hashed. But this project with the support of Tencent Cloud shows quite great potential.

Conclude

Through this overview article about the Phoenix Global project, AZC News hopes readers will grasp basic information about this project to make their own investment decisions. Wishing you a successful investment!